Unsecured creditors have few practical ways to collect their debt.

Name: Unsecured creditors have few practical ways to collect their debt.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Unsecured creditors do not have any collateral or security to seize to collect their debt, so their options for collection are limited. They may pursue legal action, attempting to garnish wages or bank accounts, but even then, there is no guarantee of full repayment.

Unsecured Creditors Have Few Practical Ways to Collect Their Debt